Pro Farmer's Daily Advice Monitor

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  • July 1: No changes. 
  • June 30: No changes.
  • June 29: No changes.
  • June 28: No changes.
  • June 27: No changes.

 

*Note: Check below daily to see if we recommend catch-up sales for individual markets.

Corn

Cash-only marketers

2021 crop: 90% sold 

2022 crop: 50% sold for harvest delivery 

Hedgers — cash sales

2021 crop: 90% sold

2022 crop: 50% sold for harvest delivery  

Hedgers — futures/options

10% hedge in December futures at $6.92.

Get current with all advised sales. 

Soybeans

Cash-only marketers

2021 crop: 85% sold 

2022 crop: 50% sold for harvest delivery

Hedgers — cash sales

2021 crop: 95% sold

2022 crop: 50% sold for harvest delivery 

Hedgers — futures/options

10% hedge in November futures at $14.73.

Get current with all advised cash sales and hedges.

Wheat

Cash-only marketers

2021 crop: 100% sold 

2022 crop: 85% forward sold 

2023-crop: 30% forward sold for harvest delivery next year

Hedgers — cash sales

2021 crop: 100% sold

2022 crop: 85% forward sold 

2023-crop: 30% forward sold for harvest delivery next year 

Hedgers — futures/options

15% hedge for 2022-crop in December SRW futures at $10.22.

Get current with all advised sales and hedges. 

Cotton

Cash-only marketers

2021 crop: 100% sold 

2022 crop: 50% forward sold for harvest delivery 

Hedgers — cash sales

2021 crop: 100% sold 

2022 crop: 50% forward sold for harvest delivery

Hedgers — futures/options

No positions

Get current with advised sales. 

Livestock

Cattle

2nd qtr. 2022

0%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

Continue to carry risk in the cash market. Be prepared to hedge an extended rally in December live cattle. 

Hogs

2nd qtr. 2022

0%

3rd qtr. 2022

0% 

4th qtr. 2022

0%

1st qtr. 2023

0%

A delayed seasonal rally is underway. Wait on the seasonal rally to exhaust before hedging.

Feed

Corn

2nd qtr. 2022

25%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

You are hand-to-mouth on all corn-for-feed needs. Wait for an extended price pullback to extend coverage. 

Meal

2nd qtr. 2022

67%

3rd qtr. 2022

0%

4th qtr. 2022

0%

1st qtr. 2023

0%

You are hand-to-mouth on soybean meal needs. Be prepared to extend coverage on a test of the May lows. 

 

 

Latest News

Corn, soybean CCI ratings drop, spring wheat improves

The soybean CCI rating dropped below the five-year average for the first time this growing season.

After the Bell | July 5, 2022

Corn futures extend slump, hit five-month lows on Midwest rain; soybeans and wheat also plummet.

Sluggish weekly export inspections

Corn, soybean and wheat export inspections all fell short of expectations and below the required paces to hit USDA's export forecasts.

Monday Morning Wake Up Call | July 5, 2022

Grain and soy complex futures are under hefty pressure. Cattle futures are higher with lean hogs mixed to start the week...

Ahead of the Open | July 5, 2022

Grain, soybean futures expected lower on followthrough pressure, weekend rains over much of Midwest.